path equilibrium. The derivation first builds consumption demand, aggregate demand, and then aggregate supply through the … consumer's time endowment, this captures a change in the "external margin" of labor supply. These comparative statics enable …

path equilibrium. The derivation first builds consumption demand, aggregate demand, and then aggregate supply through the … consumer's time endowment, this captures a change in the "external margin" of labor supply. These comparative statics enable …, with a similar but more fundamental AS-AD story of business cycles and growth trends. -- Ramsey-Cass-Koopmans ; supply …

derivation builds a permanent income type consumption demand that corresponds to a consumption theory that depends on current …

path equilibrium. The derivation first builds consumption demand, aggregate demand, and then aggregate supply through the … consumer's time endowment, this captures a change in the external margin of labor supply. These comparative statics enable …

path equilibrium. The derivation first builds consumption demand, aggregate demand, and then aggregate supply through the … consumer's time endowment, this captures a change in the "external margin" of labor supply. These comparative statics enable …

path equilibrium. The derivation first builds consumption demand, aggregate demand, and then aggregate supply through the … consumer's time endowment, this captures a change in the "external margin" of labor supply. These comparative statics enable …

derivation builds a permanent income type consumption demand that corresponds to a consumption theory that depends on current …

deterministic dynamic general equilibrium framework. The derivation first builds consumption demand, aggregate demand, and then … aggregate supply through the equilibrium conditions and a closed form solution for the capital stock. Through a comparative … comparative static change in the consumer's time endowment captures a change in the "external margin" of labor supply. Combining …

. -- Ramsey-Cass-Koopmans ; supply ; demand ; state variable ; external labor margin … derivation builds a permanent income type consumption demand that corresponds to a consumption theory that depends on current …